Chinese automaker Xpeng Inc. is looking at several options in Europe that may help it to localize production and sidestep tariffs the bloc is levying on electric vehicles made in Asia’s biggest economy.
“We’re looking at multiple options, ranging from contract manufacturing to working with existing plants, or even thinking about [new] plants,” vice chairman and co-president Brian Gu said in a Bloomberg TV interview.
“But those are still very preliminary.” European Union member states are preparing to vote on Friday on imposing definitive tariffs as high as 45% on imported EVs made in China. It would take a qualified majority — 15 member states representing 65% of the bloc’s population — to block the tariffs.
